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Sherwood city, OR

ZIP 97140 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 97140

Median Home Value
$618,000
Median Rent
$1,779
Affordability Snapshot
$170,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,970/mo PITI).

18%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.2x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

28.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 97140 in Sherwood city, OR, a household would need roughly $170,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,970. That is about 43% above the local median household income ($119,241), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
77.1%+18% vs US avg
x
Vacancy Rate
2.8%-73% vs US avg
x
Broadband Access
94.1%+8% vs US avg
x
4+ Bedrooms
7.3%-51% vs US avg
x
Built Pre-1939
1.4%-89% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
12.6%-75% vs US avg
x
Mortgage-Free
22.7%-41% vs US avg
x
$618,000
Home Value
$1,779
Rent
1996
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached76.1%
  • 1-unit attached7.3%
  • 2-9 units9.0%
  • 10+ units5.6%
  • Mobile home & other2.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$618,000
Median rent$1,779
Owner-occupied77.1%
Vacant2.8%
Price-to-income5.2x
Est. income to buy$170,000